Blackjack not a taxable transaction! - Blackjack and Card ... Did you know that you can win $50,000 playing blackjack and it is not usually a taxable transaction for the player. The casino probably has to pay taxes on their blackjack winnings but that's not your problem. However if you hit a slot machine jackpot of $1,200 or more than you have to pay taxes on that. Appeals Court Rules IRS Can't Tax Some Gambling Winnings When you add that it's gambling winnings we're talking about, the idea that anything isn't taxed is, well, too good to be true. ... Appeals Court Rules IRS Can't Tax Some Gambling Winnings. Robert ... Paying State tax on casino winnings...? | Yahoo Answers Ordinarily, Nevada would get first crack at your income earned there, and then Arizona would give you a credit for anything paid to Nevada. You would then pay the difference if Nevada taxes were less than Arizona's. Since Nevada does not have state income tax, you're going to end up paying the normal income tax rate for Arizona.
Against my better judgment I listened to relatives who insisted I not have any taxes withheld. The casino offered to hold back about 30% of my winnings.
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How Much State & Federal Tax Is Owed on Sweepstakes Winnings? By: ... don’t tax winnings on sweepstakes ... Federal Tax Is Withheld on Casino Winnings?
Who Can Reclaim Winnings From IRS? - Casino Tax Refund Under U.S. law, substantial gambling winnings, typically over $1,200, are considered taxable income and subject to a withholding tax, though not all forms of gambling are taxable. If you love playing slots, gambling, playing poker, taking a chance on the lottery, or betting on horse races, a portion of your winnings can get withheld. But no matter where you live, gambling income is not taxed ... Are casino winnings in Arizona included under the Arizona ...
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Do I Have to Pay State Taxes on Lottery Winnings if I Don't ... Do I Have to Pay State Taxes on Lottery Winnings if I Don't Live in That State? You’ve beaten the odds and won the lottery. Depending on where you won your prize, the deal is even sweeter, since some states don’t tax lottery winnings. STATE INCOME TAX ON NONRESIDENTS' GAMBLING WINNINGS
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How Much State & Federal Tax Is Withheld on Casino Winnings ...
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